Consumer Spending Picks Up
As Disposable Income Gains

Consumers ratcheted up their spending in July, while disposable income posted its biggest gain in more than a year, the government said.

Consumer spending climbed 0.8% in July, after rising an upwardly revised 0.6% in June, the Commerce Department reported. Personal income rose 0.2% in the month after climbing 0.4% in June, it said. For June,...